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Xero has announced the launch of ‘Tap to Pay’ on iPhone in a move to help small businesses manage their cash flow.
Xero unveils ‘Tap to Pay’ to support grappling SMEs
14 April 2025
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7 minute read
‘Tap to Pay’ has been launched by Xero to enable businesses to accept all forms of contactless payments, including contactless credit and debit cards, Apple Pay, and other digital wallets.
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The new initiative would be available to Xero customers in Australia with a Stripe account with no additional hardware or payment terminal needed, only the Xero Accounting app and an iPhone.
According to Xero, Tap to Pay would help businesses manage their cash flow, which was “more important than ever”, and receiving timely payments from customers was a fundamental piece of this puzzle.
Based on research conducted by Xero, 41 per cent of consumers revealed they were frustrated with their preferred payment option wasn’t available and 28 per cent would shop elsewhere if a business didn’t offer one of their preferred ways to pay.
Additionally, 86 per cent of Australian consumers said they used credit and debit cards to pay for every purchase.
Bharathi Ramavarjula, SVP, payments and ecosystem at Xero, said that with Tap to Pay, the merchant at a checkout could simply prompt the customer to hold out their iPhone with their contactless credit or debit card near the merchant’s iPhone to pay.
This would then allow for the payment to be securely completed using near-field communication technology.
“Managing payments plays a vital part in the cash flow equation, but small businesses continue to face challenges, including chasing late payments. With so much on their plate already, keeping pace with shifting consumer expectations and market trends can feel overwhelming,” he said.
“That’s why payments are such a core part of Xero’s business strategy. With the launch of Tap to Pay on iPhone, we’re excited to support small businesses to streamline payment processes, enabling them to accept payments on the spot and maintain a healthy cash flow.”
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